Coinhako has quietly become one of Southeast Asia's most recognized crypto exchanges, especially among Singaporean traders. With mainstream banking support and a clean interface, it has carved out a loyal user base. But does it still hold up in 2025?

What Is Coinhako and How Did It Start?

Coinhako is a Singapore-based cryptocurrency exchange founded in 2014, making it one of the oldest crypto platforms still operating in Southeast Asia. The company was built with a simple mission: give everyday users an easy way to enter the crypto market using their local currency, the Singapore Dollar (SGD).

Over the years, Coinhako has evolved from a basic Bitcoin wallet service into a full-fledged trading platform supporting dozens of digital assets. Its early mover advantage, combined with strong compliance standards, has helped it stand out in a crowded market dominated by global giants like Binance and Coinbase.

Who Uses Coinhako?

Coinhako primarily serves retail traders and crypto newcomers in Singapore, Malaysia, and other parts of Southeast Asia. It's particularly popular with users who want a regulated, locally operated platform instead of an offshore exchange.

Key Features and Supported Cryptocurrencies

Coinhako's product lineup has grown significantly. The platform now offers spot trading, staking for select tokens, and an over-the-counter (OTC) desk for high-volume traders. Users can also access a mobile app that mirrors most of the desktop functionality.

The exchange supports a wide range of popular cryptocurrencies, including:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Solana (SOL)
  • Ripple (XRP)
  • Cardano (ADA)
  • Various stablecoins like USDT and USDC

While the token selection is not as vast as some international compe*****s, Coinhako focuses on quality over quantity, listing only vetted projects that meet its compliance requirements.

Coinhako Fees, Limits, and Payment Methods

Fees on Coinhako are competitive within the regional market. Trading fees follow a tiered structure based on 30-day trading volume, with rates starting at around 0.6% for basic users and dropping significantly for higher-volume traders.

One of Coinhako's biggest advantages is its seamless SGD on-ramp. Users can deposit funds via:

  • Bank transfers through supported Singaporean banks
  • PayNow (instant SGD transfers)
  • Credit and debit cards (higher fees apply)

However, Coinhako has tightened its fiat deposit options over the years. Some international users have reported difficulties funding accounts from outside Singapore, which remains a key limitation for global adoption.

Withdrawal Limits

Daily and monthly withdrawal limits depend on the user's verification level. Fully verified accounts enjoy higher thresholds, while unverified users face strict caps, in line with global KYC standards.

Is Coinhako Safe and Regulated?

Security is where Coinhako truly shines. The platform is registered with Singapore's Monetary Authority (MAS) as a Digital Payment Token (DPT) service provider, meaning it complies with strict anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.

On the technical side, Coinhako implements:

  • Cold storage for the majority of user funds
  • Two-factor authentication (2FA)
  • Mandatory KYC verification
  • Regular third-party security audits

The exchange has weathered multiple crypto winters and major market crashes without suffering a major security breach, which is a strong track record in an industry plagued by hacks and rug pulls.

"Coinhako's regulatory standing makes it one of the safest options for Singapore-based crypto traders, even if its global reach remains limited."

Pros and Cons of Using Coinhako

Like any exchange, Coinhako has its strengths and weaknesses. Here's a quick breakdown:

Pros:

  • Fully regulated in Singapore
  • Easy SGD deposits via PayNow
  • Beginner-friendly interface
  • Strong security track record

Cons:

  • Limited token selection compared to global exchanges
  • Fiat deposits mainly restricted to Singapore
  • Higher fees for card payments
  • No advanced trading features like margin or futures

Key Takeaways

Coinhako remains a solid choice for anyone trading crypto in Singapore, especially beginners who value regulatory clarity and easy SGD on-ramps. While it may not offer the bells and whistles of international exchanges, its compliance-first approach and clean user experience make it a trusted gateway into the crypto market.

For traders outside Singapore, however, Coinhako's appeal drops sharply due to limited fiat support and a narrower token catalog. If you're based in Southeast Asia and prioritize safety over variety, Coinhako deserves a spot on your shortlist. If you're hunting for advanced derivatives or altcoin gems, you may need to look elsewhere.